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Market
Changes in rent prices in affected areas from June 2024 to June 2025
5
Resolution / Starting Odds
Decrease by >10% • 33%
Remain stable (+/- 10%) • 34%
Increase by >10% • 33%
Data from rental market reports and housing authorities
Story
FBI Raids Corporate Landlord Cortland Management Over Nationwide Rent Hikes and Price-Fixing Allegations
Jun 3, 2024, 01:57 AM
The FBI has conducted a raid on Cortland Management, a major corporate landlord, over allegations of illegal rent hikes and price-fixing. This action is part of a broader investigation into a nationwide conspiracy involving several large corporate landlords and the software firm RealPage. The conspiracy allegedly began in 2016 and involves sharing pricing information and keeping units off the market to artificially inflate rental prices. The coordinated effort has led to significant rent increases across the country, impacting renters nationwide. The FBI raids are part of efforts to address these nationwide rent hikes.
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Prices decrease significantly (>10%) • 33%
Prices moderately decrease (5-10%) • 33%
Prices remain stable or increase • 33%
Significant decrease (>10%) • 33%
Moderate decrease (5-10%) • 33%
No significant change (<5%) • 34%
Increase in rental prices • 33%
Decrease in rental prices • 33%
No significant change • 34%
Significant decrease • 33%
Moderate decrease • 34%
No significant change • 33%
Increase • 33%
Decrease • 33%
Remain stable • 34%
Decrease by more than 5% • 25%
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Increase by more than 10% • 25%
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Decrease by more than 10% • 25%
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Housing prices increase • 33%
Housing prices decrease • 33%
Housing prices remain stable • 34%
